president obama has been re- elected... governor romney is giving his concession sph now. let's listen in. >> president obama has bfrn reelected. governor romney isgiving his concession speech. >> i join you to earnestly pray for him and for this great nation. thank you and god blessamerica. you guys are the best. thank you so much. thank you. thank you, guys. >> well, you can see con sill conciliatory mitt romney any

congratulating the president. >> we'll go to the celebration in chicago now >> >> mrauz mrauz (applause) >> we are looking at governor romney after his concession speech saying that he would pray for president obama and the country. there he's lined up. his wife, children, sons, and grandchildren. a very long raceand tonight it's over >> this was a very hard battle. it's been going on for years, and now we're to the point election knight is winding down. nationally it's pretty much a done deal, but we want to get the very latest with what's been going on with state

propositions >> there's been so much money spent with the state propositions starting with 34, which will repeal the death penalty. number proposition 36 which would revice the three strikes law -- proposition 33, this will prohibit and taking away some of their power shall we say, and the notes have 51%, and there's a lot of talk about 47 which would provide food organization, and the notes are gaining steam at this month. sothat's how 1078 of the big hot buttons look at this moment with propositions in the at a time of california, but it is still early in this race, so we'll see how this race all works out

>> all right. but in themeantime we are going to talk about props 30 and 38. we aregoing to go to allen march fin at the governor's camp let's check in with fill ma tier and see what's up with 32. thegovernor states his political future on this for the next foufr years >> as a matter of fact it's already a done deal they said if this money was not approved by voters, they were going to pull votes. moneyseems to be mralg a role in this. the death penalty, one ofthe things that turned voters around on this issue. it wasthe cost of keeping the inmates incarcerated, a hundred million dollars. labelling on the footd >> right so there's a whole

question about cost and how it's playing into the california election >> you speak about money, and i won't use the word obscene. there's an obscene amount of money spent on proposition 30 and 38. millions of votes that turned 30 over 38, and agreeing that they will -- >> stop the fight exactly we had two parties that may have canceled each other out, drand each other's credibility. theywere saying this isn't going to education. this isn't going towork. not only where is themoney, but where's the money going >> all right. we will continueto discussion these props as the precincts roll in >> we will continue with joe,

and he's with the democratic convention. i suppose there's alot of parties going on yes. take a look. this crowd has been partying for the last part of the two hours. this isdemocratic parties. let's showyou twhen information started coming in from the west coast on until they declared that president obama had one another election. we're talking about-- (crowd is chanting "one more year" >> >> it was something like it was four years ago when he first

one. but gujing from this crowdand the excitement here, it was sure these folks were relieved as much as they were excited. one woman was in tiers tears >> my disabled son and the issues that concerned me with his life are going to be treated with the obama administration than they would have been with romney. we won this election. (crowd is screaming) >> they just watched governor romney give his concession speech. >> you know what's interesting, joe? in contrast of 2008,california really did come into play this time.

it was 8:00,and this election was not called until well past the hour, probably about 8:30 before the networks really called it for obama. what was the reactionthere then >> right. unexpected. right? they were telling them state by state, actually ripping up the states that became blue as the return came in. all this talkwas about ohio, florida, and even nevada, and california plays a prominent role, but that made it that much more exciting here. a lot of these sponsorshave been on the phone bank making those phone calling to voters telling them to vote, and that made ai difference >> we'll check back in a little while, joe. thanks frmg you cansee the tears of joy. we'll goto the republicans watching this ingnight's

election >> we pretty much have an empty room, and they're dishartd by the obama victory. some say they are blamg themselves and are not true reforms and many are blaming romney romney >> they don't let people understand that lower tax rates are a good thing, that they ludicrously allowed obama to win that election >> i knew there was an issue when ohio was an issue. weneeded ohio to win this great >> do you think the republicans lost this or the democrats won this

>> -- >> there will be increase in taxes and also new regulation, and frank tli they're saying this is going to leave open the door for congressional -- he pr indicted in two years we're going to have a republican governor here in california >> cbs 5 reporter is watching props 30 and 38. the governorsays it is critical for our children's future. that's hisargument >> yeah, ken. this has been a$70 million battle over tax increases and what's hanging over voter's

heads is education. what would have happened is a quarter sales tax. an incometax hike if you make more than $250,000 a year. now, the statebudget was passed assuming that voters would go ahead and approve prop 30. if prop 30fails that will automatly triple 6 billion tax cuts. if it wereto pass, there would be an increase in edge dhags would offset those costs. if theyfound more of that hidden money like they found at the state park's association, the governor said 2340 way. i am not sign lging that law. you mentioned prop 38 thatwas an alternative measure, mostly

funded by molly munger and that would have been an across the board income tax hike. so we have not heard fromthe governor. we expect him tobe here any moment. his dog hasmade an appearance, suter, but we do expect sto hear from him soon >> right now we're looking at the ballots and it's 58 to 42 no on prop 30, and the room is very quite and i'm wondering if there's any opt miment that it's very early in the evening, and this may turn around >> there is an opt miment. thevery early stleets came in, prom 30 #6s passing, so everyone was very excited about the same time the networks were calling the presidency for president obama being

reelected. now, the otherthing that this room is filled with is people who are in support of no on 30. that wasthe measure that would have prevented labor unions from using mrit dal views. it's kindof a 5050 mixer day that >> allen, thank you >> all right. we're going toget some reaction to what's been going on here locally as well as the national front with grace we've been talking about this. we want to talk a little bit more, but really a state by state battle. for months nowwe've been talking about it and it looks like the president got a lot of momentum. we have gotmore than a hundred electoral votes >> i think tonight the calculus

vote would be in favor of governor romney. early on inthe evening when he saw wisconsin go for the preponderate and later virginia went for the president: ohio did ads well. these are allplaces governor romney thought he would do well. florida was aplace he put in a lot of time and money as well. it'sinteresting to look back in retro spekt. florida was a racethat we still can't call at this hour. it shows that state in away how divide the country is as well. if at the end of the day, although there may be a million votes, we are a country divide at the end of this >> what does that say, joe, when you look at the electoral vote and you look at the popular vote and they're in the same percentage, 37 to 37% for

both. what is that going to do for our country >> it's going to produce a result and a congratulations to obama. either of these men weregoing to inherit a congress that would be controlled in one house by one party and another by another party. we'll talk aboutthe senate races, #12k3 the likelihood that obama care rebeel. the likelihood that the president will get the tax measures pushed through is also unlikely. the realty is, eitherperson that won, in this case, president obama, is going to make some acome sdpags the people in the senate are going to have to make changes as well. >> nourngs after that first presidential debate we saw a big boost for governor romney.

whydo you think that that wasn't enough i think that the governor got a good boost after the first debate. -- when voters got a good look at him it seemed a little bit reasonable. -- hefoe kusd on that 47%, and i think at the end of it voters were really uncomfortable in the ballot box >> it doesn't maert about the popular vote anyway. it's allabout the other >> we're watching sel states across the bay >> these are coming out of san jose as well as richmond. roseher rer ra is losing badly

at this point. 15% to 55% to jimmywin. a lot of money has beenspent on that race to unsee her rer ra. also the measure d,ragz it from 8 to 10 dollar an hour, it is winning from 57% to 33%. we also have the very conten shs soda tax in richmond. it would add a penny per ounce on sugar ri beverages. it islosing 48% to 32% >> fill, we're still under 32% with polls closed now for two hours. let's talk about measured first of all. >> this is one that's kind of up in the air. it's not settled >> it's an interesting one. that was actually owned by a

group of students owned by a civics party at the college tlchlt it was popular. theycaught on and worked hard on it, and it's somebody else's money. let's be honest. as opposed tolet's say rich movenltd the sugar tax there, the idea of increasing a penny an ounls of sweet drinks to fight obesity. that's cut the beverage industry and grocers. they put in $22million to support that. theyare afraid sugar is going to become the next tobacco. theythink sugar is going to be the next one to get hit, and they want to stop that. one of theool interesting issues here is that san jose race jimmy new win has got a lot of backing of the police officer's association and the other unions that are mad at

chuck reed and the other city council people. they are sending a message loud and clear to the city council people >> all issues that are so con . let's put it this way. he's gota lot more enmist and friends. >> he does. chuck reed is goingto be facing a lot of issues, but overall, the public supported that and the retention reform. yeshgs you can votewhat the people want, but when it's your turn to come up for re- election, the people that are against you, the people come out in an incredible force >> we're going to talk about prop 34. it is the deathpenalty proposition.

i don'tknow if ze any numbers on that yechlt let's check in with linda and see where it stands at this point. linda? >> high the there, day that. the numbers rortd are still very early. they know yes on prop34. they are still hopeful the propositions will win, even though the numbers aren't looking good. with moreprecincts, they're hoping that they have a chance. that had tohave been the case that we've seen so far. but when i talk tothe supporters here, they say they have not given up hope >> i also think it's important to know that we've had a robust discussion about the penalty in this state, and our polling has shown that more and more people favor replacing the death

penalty as they understand the issue >> it's been a pretty big campaign to me. people whosupported the repeal and they wanted to repeal the death penalty, it was $7 million in that campaign to abollish a death penalty. so far theyhaven't won in this case. butright now, nobody here is ready to say that they have been defeat nd this, but they certainly say that they will continue to fight if this does go down in defeat tonight >> linda, you had an interesting perspective. i know you had adiscussion with a former warden, and she was in favor of the death penalty. why did shethink this was something that we could do away with #we8, she feels that this was one thafls not spent. that hasbeen the argument all along, this was not money well

spent. they would rather it be spent on all of the trials of the appeals on fighting crime and investigating murder and rape cases, where if this had passed, $100 million would go to tax purposes over the next four years. that was part of theprop zigs. sooes convinced thatthe money spent in appealings and also in a fragment of the populations in the prisons right now is just not worth the money. it's better spent doing investigations for murders and rape victims, and that way they don't have to worry about the people already in prison anyway, and they're not getting out already. even if this were thepast -- >> yaeshgs she's a real insider there, and i thought her take on it was interesting. thank you,and we'll check back

in a while >> i want to ask you because this has gone back and forth. we've watched it become scombres then no, and so much money has been spent on it. the bottomline is this is a social conscious issue. but it got soold as a monetary issue, and i'm wondering if the issue got lost in there it was a shot at it. it's a gutcheck issue. people say isupport it, but the opponents found the new arguments being you may have supported it, but is it working. they pointd outwe spent 4 dollar billion and only had 14 executions. theirargument was couldn't that be better spent. that's when thenumbers started turning around >> so much still in the air whether this is still a deterrent here in the state

>> we are coming right back with election coverage 2012. ,,,,

break california's education system. welcome back as we continue with our 2012 election coverage. right now we want to go to chicago and check in with barack obama >> people have been waiting all night for this. i think back to2008, and people were standing outside, and there is a different air in terms of the re-election of president obama. please, ma'am wait lg patiently. there's an affidavit in the room. its like there's a relief in

the room. they're waitingfor the president to come out and his family >> they're waiting twont the vik toirs democrats tonight >> anticipate building as folks are waiting to hear president obama's victory speech, which would occur at any moment. theysaid they had a thousand people a day and up through the present day volunteering . we heardabout the bay area being the bank for the campaign. a lot ofthese folks called into the phone bank. these folks rm calling voters because then the obama vote september people knocking on the door to people in those

states as well. theswing states were filled with phone calls, and it apears it worked. as it become apparentpresident obama was going to win re- election, everybody was glud to the map as one state after another became blue, being democrat, and then victory was declard, and there was a huge cheer that is still residence nating as they are waiting on their president to give his re- election victory speech >> joe, throughout the campaign and all the stops, i'm always fascinated by the make up of the people in the room. is itpredominantly young. it'sobviously multicultural.

>> yes, it is dis proportionately presented here. a lot ofenthuse yaz m from the young people. they could be herephone bank and pushing out the votes. what's interesting iswhen we first saw that phone bank -- not the case at all. the may i don't remember gave a message and said he was calling people in nevada nef himself and hoping to go to nevada and celebrate the victory there >> thank you very much. >> within the last hour or so, governor mitt romney conducted a speech in boston, massachusetts. we'll show you a clip of that i have just called president obama to congratulate him on his victory.

his campaign and alldesifsh congratulations as well. this is a time of great challenges for america sxishgs pray that the president will be successful giegd our nations. ihope i was able to lead your nation in a different direction, but it turned out different sxishgs hope you will pray for this president and our country >> governor romney graciously in defeat as he congratulates president obama and his family. they had high hopes >> they did. they fought violently.

they had many stopsover the last 24 hours. it wasa fight to the finish, and as you said he made his concession speech and was very gracious in that. we will hear more fromthat from governor romney and paul ryan over the next few days and weeks >> president obama won the e electoral vote shlg but the popular vote not so much >> something that's not so close in this case is prop 30 as well as 38. they're both losing,which the outcomes will be devastating for the educational system, k through 12. we have -- we're wait lg on governor brown who is going to state his mrit dal -- i don't

know if i'd say mrit cam career, but a lot of pop sigs >> i think it's safe to say he stakes his political reputation on this proposition 24. i thinki spoke to the most optimistic person in the room, the head of the children's soeshs association. i did have to ask him, woers case sen nar yoeshgs what happens if the 6,000 cuts happen. he saidreal stickly, we're going to be looking at about 50 days extra of school year. now studentswho get out in june are going to be looking at the middle of may.

proposition 30 would have raised the sales tax by a quarter of a penny. for those making 250,000dollar a year, your income tax would have gone up. it wasn't apermanent tax hievenlth those were all temporary, but as you say, it is not passing. it'scertainly early in the evening, and they're optimistic >> that's interesting. amongthe democrats in san francisco on tuesday -- wait, this is tuesday. the governor was hereand -- these flubs dreeping closer together as we it is here through the evening. you had aconversation with somebody from the governor's office >> right. what they said arethe first votes we see are the permanent

absen tees. this doesnot include the new registered million voters that have rej sterd in the last 75 days. itdoesn't include san francisco -- that's what the governor is betting on, a slow garage y'all increase over night. that's thebet, and it is in fact merely closing >> we talk about how devastating this would be, but we haven't been specific about it. thestate is already 37 on spending for the child. if kids in ourschools lose three weeks of time in the classroom, it just puts them back and expands the education and ang demic act >> day that, there is a new realty sinking in in this

election. you talk to peoplewho have kids dm skooshlgs they were just the same on prop 30 as they were on others. if youlook at the other, 38, it's not going anywhere either >> right so the question is, is it ringing with voters as it used to. is the money going to getto the classroom >> or is it simply people are tired of being taxed >> both. and don't forget. i was sitting with don per rat toe, and a woman came over with her tax credit and said don't tell me we're not paying more for education. we are too. that's all in the e dwhags year >> it's really about 80,000 votes separating this it's still early in the evening. it's still early for the death penalty. we're seeing the earlymore

conservative vote >> phil, thank you very much. i think we should look at some of the statewide local races we have taechls all over the pachlt let's talk with elizabeth cook and talk about proposition 37 that affects everybody who shops for food that's correct. with 24% andthose are leading by -- about a month ago these numbers were split with the yeses having 60% among likely voters, but they were out spent by their voters. the campaign spent close to 47 $47,000 more. that money spenta swarm of ads that flooded the airways on the events leading up to the election.

we talked tothe foeks on 24. they're goingto focus their campaign on the usa -- >> thank you very much. allright. let's go now to -- let's see -- chris tinl airs -- who is checking out proposition 32. >> it afierce be lagging in the polls. people have put $74 million into the city campaign >> thank you, chris tin. wewill check back with you. rightnow, we want to go chicago where the president is on the stage with his family. let's take alook.

>> [ music playing.] >> >> (kraud is cheer ing crowd is cheering ( >> you can see the energy chicago, can't you, joe >> oh, yeah >> this was a message issue, and the president's message really went out this time >> he reenforsd the negative impression. he wasn't tlieghard. he came back after thesecond and third. at the end ofthe dashgs though, he found his old charm.

remember back in2008, president obama was personally likable. this timeit was very very high. let's listen in to the president now >> crowd is cheerg loudly) >> thank you. thank you. thank you very much. tonight more than 2000 years after a former kol lonnie won the right to determine it's own desty, the path of affecting our june moves forward. it moves forwardbecause of you.

it movesforward because you reaffirmed the spirit that has triumphed over war and depression, the spirit that has lifted this country from the depositths of despair to the great hopes of faith. we are an americanfamily, and we rise or fall together as one nation and as one peopl team team. >> don't in this election you, the america people reminded us that while our road has been hard and journey has been lost, we have picked ourselves up.

we have fout ourway back, and we know in our harts that for the united states of america, the best is yet to come >> (kraud is cheering and aloud alouding loudly) >> i want to thank every american who participated in this election. whether youvoted for the very first time or waited in one line for a very long time -- by if way, we have to fix that. whether you went on the pavement or picked up the

phone. whether you held anobama or romney sign, you made a difference. i just talked togovernor romney and paul ryan and con garage latd them on a very hard campaign. we battled seriously, but it's only because we care so strongly about this country's future. the romneyfamily has chosen to give back to america's public service, and that is a legacy that we honor and amraud tonight (crowd is cheering) >> in the weeks ahead, i plan on sitting down with governor

romney to talk about what we can do together to move this country forward. i want to thank my partner and friend, the best vice president anybody could ever hope for, joe biden. >> (applause (applause) >> and i wouldn't be the man i am today without the woman who agreed to marry me 20 years ago . let me say this pubically. michelle, i have never loved you more, and never been more proud to watch the rest of the nation fall in love with you

too, as our nation's first lady. my daughters, before our very eyes, your growing up to become two strong, smart rjs beautiful young women, just like your mom . and i'm soed proud of you guys. but i will say that for now, one dog's probably enough. to the best campaign team and volunteers in the history of politics, the best -- the best ever.

some of you were new this time around, and some of you have been at my side since the very beginning >> amrous >> but you are family. nomatter what you do or where you go from here, you will carry with you the history that we made together, and you will have the life long preeshs of a great president. thank you forbelieving all the way, to every hill, to every valley. youliftd me up the whole scombashgs will always be grateful for everything you've done and all the incredible work that you've put in. i know that political campaigns

can sometimes seem small, even silly. and that provides plenty that say politics are the do main of special interests. but if youever get a chance to talk to the folks that crowded around the rally at the high school gym or saw folks working in the county office far away from home, you'll discover something else. you'll hear the determination and the voice of a young field organizer who's working his way through college, and wants toss make sure every child has that same opportunity. you'll hearthe prout in the voice of the volunteer going

door to door because her brother was finally hired when the local flant hired another shift. you'll hear the deep patriotism in the sprous of a -- to make sure no one in this country ever has to fight for a roof over their heads. that'swhy we do this. that's whatpolitics can be. that's whyelections matter. it's notsmall, it's big. it's importantimportant. democracy in acountry of 3 hundred hundred million did be

difficulty. we have our ownopinions and deeply held bleefs . when we go through hard timesand make big discussions as a country, it necessarily stirs up con tro ver and i passions. that won't change after tonight, and it shouldn't. thesearguments we have are a mark of our liberty, and we can never forget that as we speak, people in distant nations are risking their lives right now just for a chance to argue about the issues that matter, the chances to das their ballots like we did today. >> cheerg) >> but despite our difference,

most of us share the same hoeps for america's future. we wantour kids to groip in a country where they have access to the best schools and the best teachers. a country that livesup to the latest technology and innovation with all the good jobs and businesses that follow. we want our children to live in a country that isn't burdened by death and equality and destructed by the warming power of a climate. we want a country that's respect sxd admired around the world, a snags that is defended by the strongest military on earth and the best troops this world has ever known.

but also a country that moves with confidence beyond this time of war with a promise that is build on a promise of dignitity for efrl human being. we believe in a generous america, in a compassionate america, in an empowered america america, in a school that pledges to our flag. to theyoung boy on the south side of chicago that sees the light beyond the nearest street corner to the furnish churl working child in nblg income who wants to become a dror or a sign test or an engineer, a diplomat or even a president. that's thefuture we hope for. that's thevision we share.

that's wherewe need to g . forkward. that's where we need to go. andwe will disagree, sometimes fiercely about how to get there. as it has for more than two sen can which you are ris, congress will come in bits and sparks. it's not always a smooth path. i feel the recognition that we have hope and dreams won't solve all our problems or substitute for the difficulty work and difficult come promentss need move this country forward. withthat common law bond is where we must begin.

our economy is rerekofrtd. a new economy is beginning. a loveng campaign isover. and whether i earned youvote or not, i have listened to you. i have learned from you. and you've made me a better president. and with yourstories and your struggles, i return to the white house more determined and inspired more than every about the future is that lies ahead. >> (crowd cheering loudly) >> tonight you voetd for action, not politics as usual. youelected us to focus on your jobs, not ours. and in thecoming weeks and

months, i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together, redugs our deficit, reforming our tax codes, fixing our immigration system, freeg ourselves from foreign oil. we've got more work to do. but that doesn't mean your work is done. the role of citizen in our dem si does not end with your vote. it's not about whatcan be done for us, but about what did be done by uls by the hard and necessary work of self- government. that's theprinciple we were founded on.

this country has more wealth han any nation, but that's not what makes us rich. we have the mostpowerful military in history, but that's not what makes us strong. our university, ourculture are all the envy of the world, but that's not what keeps the world coming to our shorts. what makes a country exceptional is what bonds it together and the best country on earth. thiscountry only works when we accept certain only gags to one another and a generation that so many americans sl fought for and died for that comes with responsibility along with rights that is duty and patriotism. that's what makes america great.

i am hopeful tonight because i have seen the spirit of work in america. i've seen it in thefamily business who's owners would rather cut their own pay than lay out their names, and workers who would rather dut back their hours than see a friend lose ie job. i've seenit in the soldiers who reenlist after losing a limb and those who have charged up the stairs in the danger of the night because they knew there was a buddy who was watching their back. i've seen on the shores of new jersey and new york where every party has swept aside their differences to help their

country rebuild from the wreckage of a terrible storm. and i saw just the other day in ohio where a father told the story of his eight year old daughter who's long battle with leukemia who's long battle cost their family nearly everything until the bill was passed that started pag for her dear. i didn't just talk to the father, but this incredible daughter of his. but when i spoke to thecrowd listening to that father's story, every parent in this room had tears in their eyes because we knew that little

girl could be our own. and i know thatevery american wants her future to be just as bright. that'swho we are. that's the countryi'm so proud to lead as your president. >> (applause) >> and tonight, despite all the hardship we've been through, despite all the frustrations of washington, i've never been more hopeful about our future. ihave never been more hopeful about america sxishgs ask you to sustain that hope. i'm nottalking about blind optimism, the kind of hope that just ignores the tasks ahead or the road blocks that stand in your path.

i'm not talking about the wishful idealism that allows us to just it is on the sidelines. i have always believed that it is that stubborn faith that something brl awaits us as long as we have the courage to keep reaching, fighting, and to keep fighting. america, i believe wecan build on the progress we've made and continue to fight for new jobs and new opportunities and new security for the middle class. i believe we can keepthe promise -- if you are willing to work hard, it doesn't matter where you came from or black or white or spanish or white or young or

old or rich or poor, gay, or strait, you can make it here in america 23 you're willing to try. i believe we can see that future together, because we are not as divide as politicings suggest. we're not -- we are greater than -- we remain more than a collection of red state #1k3s blue states. we are togetherthe united states of america, and together with your help and god's way, we will continue our journey forward and remind the world just why it is that we live in the greatest nation on efrth earth. thank you, godbless you. god bless you,united states.

>> barack obama, the president of the united states, reelected this evening. talking aboutmoving from hope. going forwardis not always easy, but it's done in bits and sparks. that'swhat democrat si is about. wehave the right to have angry conversations and noisy conversations and that's what makes this country great you can feel the exhaustion. you feel it 2349 room. this isa long hard fought cam pavenlt it is done, and the president in his remarks telling the country we're not red states, we're not blue states. we are all theunited states of america